a Mexican horseman or cowboy, typically one wearing an elaborate outfit, often with silver decorations, of tight trousers, ruffled shirt, short jacket, and sombrero. Origin of charro.
These are only a few of the restrictions on contributions for qualified benefit plans. NQDC plans allow you to provide deferred compensation to your employees in excess of these qualified plan limits.Example(s): Richard and Mary work at BCD Corporation.Richard earns $300,000 in 2011 while Mary earns $100,000.hese are only a few of the restrictions on contributions for qualified benefit plans. NQDC plans allow you to provide deferred compensation to your employees in excess of these qualified plan limits.Example(s): Richard and Mary work at BCD Corporation.
457(b) Plans. 457(b) plans are deferred compensation plans that allow eligible employees to set aside a portion of their salary on a before-tax basis, for the purpose of saving for retirement. The plans can also accept employer contributions. Similar to other deferred compensation plans, such as 401(k)s and 403(b)s, the 457(b) plan allows participants in public plans to defer federal and (in many cases) state and local income taxes on contributions until these funds are withdrawn.